Can I retire at age 67 with 2,270,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$187,454$185,785$184,156$182,566$181,013$177,941
2 years$92,799$91,071$89,396$87,772$86,197$83,111
3 years$61,252$59,516$57,845$56,236$54,687$51,684
4 years$45,481$43,750$42,096$40,515$39,003$36,106
5 years$36,021$34,301$32,669$31,119$29,649$26,866
6 years$29,716$28,009$26,401$24,887$23,461$20,795
7 years$25,215$23,522$21,939$20,461$19,080$16,532
8 years$21,840$20,163$18,606$17,164$15,829$13,398
9 years$19,217$17,555$16,026$14,620$13,330$11,015
10 years$17,120$15,474$13,972$12,602$11,358$9,157
11 years$15,405$13,776$12,300$10,968$9,768$7,679
12 years$13,977$12,364$10,916$9,620$8,465$6,485
13 years$12,769$11,174$9,753$8,493$7,381$5,508
14 years$11,735$10,157$8,763$7,539$6,471$4,700
15 years$10,840$9,278$7,912$6,724$5,697$4,026
16 years$10,057$8,513$7,173$6,020$5,035$3,460
17 years$9,367$7,840$6,527$5,409$4,465$2,981
18 years$8,755$7,244$5,959$4,875$3,970$2,575
19 years$8,207$6,714$5,455$4,405$3,538$2,229
20 years$7,715$6,239$5,006$3,989$3,160$1,932
21 years$7,270$5,811$4,605$3,621$2,828$1,677
22 years$6,867$5,425$4,244$3,292$2,535$1,458
23 years$6,499$5,074$3,919$2,998$2,276$1,269
24 years$6,162$4,754$3,624$2,734$2,045$1,105
25 years$5,852$4,461$3,357$2,497$1,841$963
26 years$5,567$4,193$3,113$2,283$1,658$840
27 years$5,304$3,946$2,891$2,090$1,495$733
28 years$5,059$3,718$2,687$1,915$1,349$640
29 years$4,832$3,508$2,501$1,756$1,218$559
30 years$4,621$3,313$2,329$1,612$1,100$489
31 years$4,423$3,131$2,172$1,480$995$428
32 years$4,238$2,963$2,026$1,360$900$374
33 years$4,065$2,806$1,892$1,251$814$327
34 years$3,903$2,659$1,768$1,151$737$286
35 years$3,750$2,522$1,653$1,059$668$251
36 years$3,605$2,394$1,546$976$605$219
37 years$3,469$2,274$1,447$899$548$192
38 years$3,341$2,161$1,355$829$497$168
39 years$3,219$2,055$1,270$764$451$147
40 years$3,103$1,955$1,190$705$409$129
41 years$2,994$1,861$1,116$650$371$113
42 years$2,890$1,772$1,047$600$337$99
43 years$2,791$1,689$982$554$306$87
44 years$2,697$1,610$922$511$277$76
45 years$2,607$1,535$866$472$252$66
46 years$2,522$1,464$813$436$229$58
47 years$2,440$1,397$764$403$208$51
48 years$2,362$1,334$718$372$189$45
49 years$2,288$1,274$675$344$171$39
50 years$2,216$1,217$634$318$156$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $2,270,000, adding $5,837 every year, while hoping to spend $47,543 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/40/26 Blend
66$2,270,000$2,270,000$2,270,000$2,270,000
67$2,507,561$2,387,251$2,352,066$2,572,868
68$2,712,747$2,453,641$2,380,275$2,688,750
69$2,937,268$2,521,690$2,407,835$2,808,933
70$3,183,047$2,591,431$2,434,675$2,937,600
71$3,452,200$2,662,893$2,460,719$3,075,537
72$3,747,058$2,736,108$2,485,886$3,223,608
73$4,070,187$2,811,107$2,510,093$3,382,766
74$4,424,415$2,887,920$2,533,250$3,554,058
75$4,812,854$2,966,577$2,555,263$3,738,640
76$5,238,935$3,047,109$2,576,034$3,937,781
77$5,706,434$3,129,545$2,595,458$4,152,881
78$6,219,511$3,213,913$2,613,427$4,385,483
79$6,782,749$3,300,243$2,629,825$4,637,285
80$7,401,196$3,388,562$2,644,531$4,910,156
81$8,080,413$3,478,896$2,657,418$5,206,157
82$8,826,526$3,571,272$2,668,351$5,527,560
83$9,646,282$3,665,715$2,677,191$5,876,865
84$10,547,115$3,762,248$2,683,790$6,256,828
85$11,537,217$3,860,894$2,687,993$6,670,485
86$12,625,609$3,961,674$2,689,637$7,121,183
87$13,822,233$4,064,608$2,688,551$7,612,608
88$15,138,039$4,169,712$2,684,557$8,148,824
89$16,585,096$4,277,004$2,677,466$8,734,308
90$18,176,695$4,386,497$2,667,080$9,373,994
91$19,927,485$4,498,203$2,653,195$10,073,319
92$21,853,604$4,612,130$2,635,592$10,838,276
93$23,972,833$4,728,286$2,614,046$11,675,469
94$26,304,763$4,846,673$2,588,318$12,592,176
95$28,870,981$4,967,293$2,558,159$13,596,420
96$31,695,273$5,090,141$2,523,308$14,697,039
97$34,803,844$5,215,212$2,483,493$15,903,779
98$38,225,573$5,342,494$2,438,426$17,227,377
99$41,992,278$5,471,973$2,387,810$18,679,669
100$46,139,019$5,603,628$2,331,331$20,273,698